---
schema_version: "secwatch.filing_event.v1"
accession: "0001185185-25-001226"
form_type: "8-K"
ticker: "RVYL"
cik: "0001419275"
company_name: "RYVYL Inc."
filed_at: "2025-09-18T23:59:59+00:00"
generated_at: "2026-05-17T06:14:02.947673+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# RYVYL completes sale of Ryvyl EU for $16.1M; records estimated $6.7M loss

## Summary
- Sale of Ryvyl EU completed; total consideration $16.1M ($15M note payable plus $1.1M accrued interest).
- Estimated pre-tax loss on sale of $6.7M (net assets sold of $22.8M vs. consideration $16.1M).
- Ryvyl EU classified as discontinued ops; pro forma Q1 2025 revenue drops from $15.1M to $2.8M.
- Pro forma net loss for Q1 2025 increases to $5.9M (from $2.8M reported).
- For FY2024, pro forma net loss rises to $35.1M from $26.8M reported.

## SEC filing metadata
- accession: 0001185185-25-001226
- form_type: 8-K
- ticker: RVYL
- cik: 0001419275
- company_name: RYVYL Inc.
- filed_at: 2025-09-18T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1419275/000118518525001226/0001185185-25-001226-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1419275/000118518525001226/rvyl8k091825.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-25-001226
- JSON: https://secwatch.observer/filing/0001185185-25-001226.json
- Plain text: https://secwatch.observer/filing/0001185185-25-001226.txt

## Key facts
- M&A Transactions
  RYVYL Inc. completed a disposition involving Purchaser for $15,000,000.
  - Action: disposition
  - Counterparty: Purchaser
  - Consideration: $15,000,000
  source text: Shares”) of Ryvyl EU, by Transact Europe Holdings EOOD, the Company’s wholly owned subsidiary, also domiciled in Bulgaria (“Transact Europe”) for an aggregate purchase price of $15,000,000. As also reported in the January 2025 Form 8-K, on January 23, 2025, the Company, Transact Europe and the Purchaser also entered into a Termination Agreement (the “Termination
  evidence_url: https://www.sec.gov/Archives/edgar/data/1419275/000118518525001226/0001185185-25-001226-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.